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Financial Aid Refunds

What is a Financial Aid refund?

On occasion, the school may have money for you in the form of a refund. Some of the reasons you might receive money include: dropping a class or the receipt of financial aid or a grant.

Financial Aid Posting Date

For the Summer 2024 semester, federal financial aid will begin posting to student accounts on June 2, 2024 for students enrolled in 10-week courses, and June 16, 2024 for students enrolled in 8-week courses.

Refunds can begin to post in the next business day's nightly processes. Each student's situation is different based on numerous factors, therefore not every student’s financial aid or refund will be posted at the same time.

Please note:

  • Loan funds for first-year, first-time loan borrowers cannot be posted to the Student Account until 30 days after the student's course(s) have begun. (This applies to loans only, not other types of aid such as Pell grants and scholarships). The term "first-year, first-time borrower" applies to students who have never had a student loan at Ivy Tech or any college/university, and have either earned less than 30 credit hours or are enrolled in a technical certificate (TC) or certificate of training (CT) degree.
  • Loan funds for one semester only will be posted in two installments within the term.
  • All Summer loans are for one semester only and thus will post in two installments within the term.

Refund Process

  • Prior to the refund disbursement date, estimated financial aid appears on the My Account page in IvyPay (see screenshot below). To access IvyPay, log in to MyIvy, click My Account Balance in the My Info section.

     

     

  • After the financial aid refund posting date, you will know that your aid has posted when your account looks like one of the following two screenshots.

    Screenshot #1: All of your aid has been posted. The negative amount due is the amount you will receive back as a refund within 14 days.

    Screenshot #2: Partial aid has posted. The negative amount due on line one (Amount Due) is the amount you will receive back as a refund within 14 days. Remaining financial aid should be released at a later date.

    It is possible that only a portion of your aid will post to your account, leaving a balance in your Estimated Financial Aid. Reasons for partial aid disbursements include:

    1. A 30-day delay in your loan for first-time, first-year loan borrowers
    2. A single-term loan (Fall only or Spring only) which requires the 2nd installment after mid-point of the student’s enrollment period
    3. An incomplete requirement needed to fully disburse the remaining estimated aid. (Login to MyIvy > Tools & Resources > Financial Aid Requirements > Requirements, Verification Documentation and Financial Aid Authorization Forms)
    4. A recent enrollment change which may require an aid adjustment.  Enrollment changes are routinely reviewed and adjusted as needed by your Financial Aid Office. Continue to monitor your student account activity using the My Account Balance link.
  • Your amount due goes from a negative number to a zero balance (not including any remaining estimated aid) and you see the word "Refund" on the View Account Activity page (as shown below in the red section). We "zero out" students in a computer process late at night, every weeknight, until all refunds are processed. After you zero out, it takes 2 business days to transfer the money to BankMobile. The transfer of funds usually occurs around noon on that 2nd business day.

  • Ivy Tech has partnered with BankMobile Disbursements to deliver your financial aid refund. Visit BankMobile to learn about disbursement options.

    For information about refunds, please visit the BankMobile page on the Ivy Tech website.

  • Ivy Tech delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. 

    Although you may not be expecting a refund, we encourage all students to select a safe, efficient refund delivery preference right away.

    How to Select a Refund Preference

    • Login to MyIvy
    • Browse Topics
    • Select Billing & Financial Aid
    • Select Refund Preference (Note: this link will only work if you are an enrolled student and have been assigned a student ID number)
    • Enter your email address and create a password

    If you are not connected to theBankMobile Disbursements refund website once you enter your information, please allow two business days for Ivy Tech to transmit your information to BMTX, Inc. 

    How to Manage Your Refund Account

    Once you have selected your refund preference you can:

    • Login to MyIvy
    • Select the View/Manage Refund Account link to sign into your BankMobile Disbursements profile, update your mailing address or change your refund preference.

    How to Order Replacement Cards

    To order replacement cards that were lost or never received, please contact the BankMobile Disbursements Team.

    Contract Disclosure with BankMobile

Find Local Financial Aid Contact Info

Don't see a nearby Financial Aid location? Call 1-888-489-5463 and we'll get you started.

askanderson@ivytech.edu

Kady Finnerty
Assistant Director of Financial Aid
kfinnerty1@ivytech.edu
765-643-7133 ext 062089

Fax: 765-648-2755

Monday–Thursday, 8 a.m. to 5 p.m. ET
Friday, 8:30 a.m. to 4:30 p.m. ET

812-934-3954
R11express@ivytech.edu

Batesville Financial Aid
1 Ivy Tech Drive
Batesville, IN 47006

Fax: 812-934-4590

Monday–Thursday, 10 a.m. to 5 p.m. ET: Drop-ins and by appointment
Friday: By appointment

812 -330-6160
bloomington-finaid@ivytech.edu

Bloomington Financial Aid
200 Daniels Way
Bloomington, IN 47404

columbus-finaid@ivytech.edu

Columbus Financial Aid
4475 Central Avenue
Columbus, IN 47203

Please contact Financial Aid at our full-service campus located in Richmond.

Please contact Financial Aid at our full-service campus located in Lafayette.

Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 8 a.m. to 5 p.m. CT

219-981-1111, x7498
lakecounty-finaid@ivytech.edu

Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 8 a.m. to 5 p.m. CT

219-392-3600 x 3212
lakecounty-finaid@ivytech.edu

2024-2025 Office Hours

Monday, Wednesday, & Thursday: 8 a.m. to 5 p.m.
Tuesday: 8 a.m. to 7 p.m.
Friday: 9 a.m. to 4 p.m.

Open Saturdays: 9 a.m. – 12 p.m. during the following dates:
August 10
August 17
December 7
March 15

574-289-7001, ext. 5339
southbendelkhart-finaid@ivytech.edu

Elkhart Financial Aid Office
22531 County Road 18
Goshen, IN 46528

Enrollment Services/Student Affairs Hours: Effective January 2024:
Mondays and Tuesdays: 8 a.m. – 6 p.m.
Wednesday and Thursdays: 8 a.m. - 5 p.m.
Fridays: 9 a.m. - 5 p.m.
First week of classes in January and August: 7:30 a.m. – 6 p.m.

812-429-1429
evansville-finaid@ivytech.edu

Evansville Financial Aid Office
3501 N First Avenue
Evansville, IN 47710

Monday–Thursday, 8 a.m. to 5 p.m. ET
Friday, 9 a.m. to 4 p.m. ET

260-480-4136
fw-finaid@ivytech.edu

Fort Wayne Financial Aid
3701 Dean Drive, Student Life Center, Room 118
Fort Wayne, IN 46835

Fax: 260-480-2054

Please contact Financial Aid at our full-service campus located in Lafayette.

Please contact Financial Aid at our full-service campus located in Columbus.

Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 8 a.m. to 5 p.m. CT

219-981-4417
lakecounty-finaid@ivytech.edu

Please contact Financial Aid at our full-service campus located in Terre Haute.

Please contact Financial Aid at our full-service campus located in Columbus.

Monday 8:30 a.m. - 5:00 p.m. ET
Tuesday 8:30 a.m. - 6:00 p.m. ET
Wednesday 8:30 a.m. - 5:00 p.m. ET
Thursday 8:30 a.m. - 5:00 p.m. ET
Friday 9:00 a.m. - 4:30 p.m. ET

317-921-4300, Option 0
HamiltonCounty-FinAid@ivytech.edu

Hamilton County Financial Aid
300 N. 17th Street
Noblesville, IN 46060

Sign Up to Get a Call Back →

Financial Aid Inquiries

Email -  HamiltonCounty-FinAid@ivytech.edu, 

Call -  317-921-4300, Option 0.

Federal Work Study Inquires 

Email - HamiltonCounty-FWS@ivytech.edu 

Call - 317-921-4300, Option 0.

 

Financial Aid Questions for Military & Veterans
HamiltonCounty-VeteransAffairs@ivytech.edu

Monday–Thursday, 9 a.m. to 5 p.m. ET
Friday, 9 a.m. to 5 p.m. ET

1-888-489-5463
indy-finaid@ivytech.edu

Indianapolis Financial Aid Office
50 W. Fall Creek Parkway N.
Indianapolis, IN 46208

Sign Up to Get a Call Back →

Fax: 317-921-4326

Monday–Friday, 8 a.m. to 5 p.m. ET

765-252-5571
kokomo-finaid@ivytech.edu

Kokomo Financial Aid
1815 E Morgan Street
Kokomo, IN 46901

Logansport Financial Aid
1 Ivy Tech Dr
Logansport, IN 46947

In-person Services Wednesdays 8:30am-4:30pm, Virtual Services Monday-Friday 8am-5pm
765-252-5571

Logansport-finaid@ivytech.edu

Please contact Financial Aid at our full-service campus located in Valparaiso.

Monday, Wednesday & Thursday, 8 a.m. to 5 p.m. ET
Tuesday, 8 a.m. to 6 p.m. ET
Friday, 9 a.m. to 5 p.m. ET

765-269-5200
lafayette-finaid@ivytech.edu

Lafayette Financial Aid
3101 S Creasy Lane Ivy Hall 1233
Lafayette, IN 47905

Lake County has 3 full-service locations. Select a location below to see contact information for their Financial Aid department.

888-489-5463

Lawrence Financial Aid Office
9301 East 59th Street
Indianapolis, IN 46216

Monday–Thursday, 8 a.m. to 5 p.m. ET
8:30 a.m. to 4:30 p.m. ET, Friday

812-537-4010 ext. 5305
R11express@ivytech.edu

Lawrenceburg Financial Aid
50 Walnut Street
Lawrenceburg, IN 47025

Fax: 812-537-0993

Monday–Friday, 8 a.m. to 5 p.m. ET

765-252-5571
Logansport-finaid@ivytech.edu

Logansport Financial Aid
1 Ivy Tech Way
Logansport, IN 46947

In-person Services Wednesdays 8:30am-4:30pm, Virtual Services Monday-Friday 8am-5pm
765-252-5571

Logansport-finaid@ivytech.edu

Monday & Wednesday, 8 a.m. to 5 p.m. ET
Tuesday and Thursday, 8 a.m. to 5:30 p.m. ET
Friday, 8 a.m. to 4:30 p.m. ET

812-265-2580, ext. 4100
madison-finaid@ivytech.edu

Madison Financial Aid
590 Ivy Tech Drive
Madison, IN 47250

Financial Aid Team
Julie Wade, Director of Financial Aid
jwade86@ivytech.edu
812-265-2580, ext. 4148

Monday, Thursday, and Friday, 8 a.m. to 5 p.m.
Tuesday and Wednesday, 8 a.m. to 6 p.m.

765-651-3100, ext. 3304
marion-finaid@ivytech.edu

Marion Financial Aid Office
261 Commerce Drive
Marion, IN 46953

Monday–Thursday, 8 a.m. to 6 p.m. CT
Friday, 9 a.m. to 5 p.m. CT

219-879-9137
valpo-finaid@ivytech.edu

Michigan City Financial Aid
3714 Franklin Street
Michigan City, IN 46360

Fax: 219-464-9751

Monday–Friday, 8 a.m. to 5 p.m. ET

765-289-2291, ext. 1230
muncie-finaid@ivytech.edu

Muncie Financial Aid
125 S High Street, Ball Building, 2nd Floor
Muncie, IN 47305

Fax: 765-282-2414

Monday–Friday, 8 a.m. to 5 p.m. ET

765-599-2613, ext 4026
pburris4@ivytech.edu

New Castle Financial Aid
3325 IN-3
New Castle, IN 47362

Fax: 765-282-2414

Please contact Financial Aid at our full-service campus located in Columbus.

Please contact Financial Aid at our full-service campus located in Sellersburg.

Please contact Financial Aid at our full-service campus located in Kokomo.

Monday–Friday, 8 a.m. to 5 p.m. ET

765-966-2656, ext. 1219
richmond-finaid@ivytech.edu

Richmond Financial Aid
2357 Chester Boulevard
Richmond, IN 47374

Sign Up to Get a Call Back →

Zoom Video Call
Call 765-966-2656, ext. 1219 to schedule an appointment.

Fax: 765-962-5054

Monday & Wednesday, 8:30 a.m. to 7 p.m. ET
Tuesday & Thursday, 8:30 a.m. to 5 p.m. ET
Friday, 8:30 a.m. to 3 p.m.

765-932-7191
mroller1@ivytech.edu

Rushville Financial Aid
330 N Main Street
Rushville, IN 46173

Virtual meetings or appointments by request. Call 765-932-7191.

Fax: 765-932-5263

Please contact Financial Aid at our full-service campus located in Sellersburg.

Monday, Wednesday, Thursday, 8 a.m. to 5 p.m. ET
Tuesday, 8 a.m. to 6 p.m. ET
Friday, 7:30 a.m. to 4 p.m. ET

812-246-3301, ext. 4504
sellersburg-finaid@ivytech.edu

Sellersburg Financial Aid
8204 Highway 311, Pfau Hall, A2
Sellersburg, IN 47172

Please contact Financial Aid at our full-service campus located in Columbus.

Please contact Financial Aid at our full-service campus located in Columbus.

2024-2025 Office Hours

Monday, Wednesday, & Thursday: 8 a.m. to 5 p.m.
Tuesday: 8 a.m. to 7 p.m.
Friday: 9 a.m. to 4 p.m.

Open Saturdays: 9 a.m. – 12 p.m. during the following dates:
August 10
August 17
December 7
March 15

574-289-7001
southbendelkhart-finaid@ivytech.edu

South Bend Financial Aid Department
220 Dean Johnson Blvd.
South Bend, IN 46601

Sign Up to Get a Call Back →

To meet with a financial aid representative please use the link below:

https://ivytech.zoom.us/my/sbefinancialaid

Please contact Financial Aid at our full-service campus located in Evansville.

Monday–Friday, 8 a.m. to 4:45 p.m. ET

812-298-2293
th-finaid@ivytech.edu

Terre Haute Financial Aid Office
8000 S Education Drive
Terre Haute, IN 47802

Virtual On-Demand Service:
Video | Voice | Chat
Monday–Friday | 8 a.m. to 4:45 p.m. ET
Enter Zoom Room →

Monday–Thursday, 8 a.m. to 5 p.m. CT
Friday, 9 a.m. to 5 p.m. CT

219-476-1001
valpo-finaid@ivytech.edu

Valparaiso Financial Aid
3100 Ivy Tech Drive
Valparaiso, IN 46383

Fax: 219-464-9751

Monday, Wednesday, Thursday & Friday, 8 a.m. to 5 p.m. ET (phone/virtual service)
Tuesday, 8:30 a.m. to 5 p.m. ET (on campus)

574-267-5428
warsaw-finaid@ivytech.edu

Warsaw Financial Aid
2545 Silveus Crossing Room 209
Warsaw, IN 46582